Bankwell Signs Full-Building Lease in New Canaan
An affiliate of Besen Partners, LLC leased 258 Elm St. in New Canaan, CT to Bankwell Financial Group. Bankwell signed a 10-year lease for the entirety of the approximately 30,000-square-foot office building, which will serve as its headquarters.
258 Elm Street was acquired by the Besen Partners affiliate in October 2019. “While we had originally planned to subdivide for multiple tenants, the opportunity to lease the whole building to a single tenant as impressive as Bankwell was a change in strategy we were happy to make, and an example of prudent investment management,” said Daniel J. Steinberg, Besen Partners’ CIO.
Avison Young’s Fairfield/Westchester office, spearheaded by Managing Director Sean M. Cahill, was hired to market the property and was the sole broker in the transaction. “There was strong demand for a building of this quality and location and we are delighted that Bankwell is the exclusive tenant,” said Cahill.
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